We know you've all been waiting on pins and needles to know for sure if Jennifer Lopezwill be returning to American Idol for another fantabulous year of judging. Well, fret no longer lovelies as sources have just confirmed that J.Lo is all set to return and she'll be making quite a bit of cheddar for her trouble.

Insiders close to the show reveal that Jenny from the Block as another single year contract almost finalized. J.Lo would get paid

Nah! Just another one of those fun loving rumors peeps like to get started!

The latest gossip to come out of Idol territory is that Jennifer Lopez isn't interested in returning to the show for a second season and that producers are looking for someone equally as hot and talented to replace her. While we have no idea if that is true, we can report from a well placed source that the rumor Shakira is in the running for J.Lo's spot is definitely FALSE.

In their words, the story is "not true at all."

And now, we're mildly disappointed! Though we kind of hope Jennifer sticks with it another year, Shakira, Shakira would be a FINE substitute! We know we'd tune in every week just to hear her golden Latina voice throw some truth on some singing hopefuls. That'd be amazing!!!

But if not Shakira, then who? Who will replace Jen if she packs up and books it out of Idol land???

"My metabolism actually changed like crazy this year. I have Hashimoto's disease. It's a thyroid disease, and it's now been two years since taking the medication for it, so for the VS show I didn't want to lose any more weight, I just want to have muscles in the right place, and if my butt can get a little perkier, then that's good."